SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                    FORM 10-Q

(Mark One)

(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

         For the twenty-six weeks ended June 24, 2000
                                        -------------

( )  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934

         For the transition period from __________ to __________

                          Commission File Number 1-5084

                              TASTY BAKING COMPANY

               (Exact name of company as specified in its charter)

          Pennsylvania                                  23-1145880
-------------------------------------------------------------------------------
    (State of Incorporation)               (IRS Employer Identification Number)


           2801 Hunting Park Avenue, Philadelphia, Pennsylvania 19129
-------------------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


                                 (215) 221-8500
-------------------------------------------------------------------------------
                (Company's Telephone Number, including area code)

Indicate by check mark whether the company (1) has filed all reports required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the  preceding  12 months  (or for such  shorter  period  that the  company  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                Yes X                                        No
                   ---                                         ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

    Common Stock, par value $.50                       7,845,312
-------------------------------------------------------------------------------
          (Title of Class)                    (No. of Shares Outstanding
                                                    at August 8, 2000)

                  INDEX OF EXHIBITS IS LOCATED ON PAGE 9 OF 10.


                                    1 fo 10
<PAGE>


                      TASTY BAKING COMPANY AND SUBSIDIARIES


                                      INDEX


                                                                           Page


PART I.   FINANCIAL INFORMATION

Item 1.   Financial Statements

          Consolidated Condensed Balance Sheets
          June 24, 2000 and December 25, 1999...............................3

          Consolidated Condensed Statements of Operations
          Twenty-six weeks ended June 24, 2000 and June 26, 1999............4

          Consolidated Condensed Statements of Cash Flows
          Twenty-six weeks ended June 24, 2000 and June 26, 1999............5

          Notes to Consolidated Condensed Financial Statements..............6

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations.............................7-8

Item 3.   Quantitative and Qualitative Disclosure
          About Market Risk8

PART II.  OTHER INFORMATION

Item 4.   Submission of Matters to a Vote of Security Holders ..............9

Item 6.   Exhibits and Reports on Form 8-K..................................9

Signature .................................................................10



                                    2 of 10
<PAGE>
 PART I. FINANCIAL INFORMATION
 Item 1. Financial Statements

                      TASTY BAKING COMPANY AND SUBSIDIARIES
                      CONSOLIDATED CONDENSED BALANCE SHEETS
                                   (unaudited)
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
                                                         June 24, 2000           December 25, 1999
---------------------------------------------------------------------------------------------------
 Current assets:
<S>                                                        <C>                      <C>
       Cash                                                $ 119,861                $ 705,494
       Accounts and notes receivable, net of
         allowance for doubtful accounts                  23,742,361               19,682,733
       Inventories:
             Raw materials                                 3,605,245                3,193,027
             Work in progress                                662,627                  568,416
             Finished goods                                1,795,343                  744,336
                                                      ----------------------------------------
                                                           6,063,215                4,505,779
       Deferred income taxes, prepayments and other        2,578,282                2,505,212
                                                      ----------------------------------------
             Total current assets                         32,503,719               27,399,218
                                                      ----------------------------------------
 Property, plant and equipment:                          174,661,695              170,394,608
       Less accumulated depreciation                     114,498,824              110,936,937
                                                      ----------------------------------------
                                                          60,162,871               59,457,671
                                                      ----------------------------------------
 Long-term receivables                                     9,823,117               10,681,972
                                                      ----------------------------------------
 Deferred income taxes                                    10,909,070               10,909,070
                                                      ----------------------------------------
 Spare parts inventory and miscellaneous assets            3,565,342                3,305,010
                                                      ----------------------------------------
 Total assets                                           $116,964,119             $111,752,941
                                                      ========================================
 Current liabilities:
       Current obligations under capital leases            $ 189,506                $ 196,240
       Notes payable, banks                                3,250,000                  750,000
       Accounts payable                                    6,062,676                4,120,600
       Accrued liabilities                                 7,163,976                7,926,105
                                                      ----------------------------------------
          Total current liabilities                       16,666,158               12,992,945
                                                      ----------------------------------------
 Long-term debt, less current portion                     16,000,000               17,000,000
                                                      ----------------------------------------
 Long-term obligations under capital leases,
       less current portion                                3,970,280                4,059,724
                                                      ----------------------------------------
 Accrued pensions and other liabilities                   13,769,555               13,950,361
                                                      ----------------------------------------
 Postretirement benefits other than pensions              18,445,317               18,328,367
                                                      ----------------------------------------
 Shareholders' equity:
       Common stock                                        4,558,243                4,558,243
       Capital in excess of par value of stock            29,741,074               29,778,768
       Retained earnings                                  30,338,221               27,968,811
                                                      ----------------------------------------
                                                          64,637,538               62,305,822
       Less:
       Treasury stock, at cost                            16,105,251               16,408,808
       Management Stock Purchase Plan
             receivables and deferrals                       419,478                  475,470
                                                      ----------------------------------------
                                                          48,112,809               45,421,544
                                                      ----------------------------------------
 Total liabilities and shareholders' equity             $116,964,119             $111,752,941
                                                      ========================================
</TABLE>
     See accompanying notes to consolidated condensed financial statements.

                                     3 of 10
<PAGE>
                      TASTY BAKING COMPANY AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
                                   (unaudited)

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                     For the Thirteen Weeks Ended            For the Twenty-Six Weeks Ended
                                                   June 24, 2000     June 26, 1999         June 24, 2000       June 26, 1999
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                <C>                 <C>                 <C>                 <C>
 Gross Sales                                       $ 62,899,396        $ 56,769,425        $124,047,156        $113,915,599
 Less discounts and allowances                      (21,181,024)        (18,265,519)        (41,985,438)        (37,559,044)
                                                ------------------------------------------------------------------------------
 Net Sales                                           41,718,372          38,503,906          82,061,718          76,356,555
                                                ------------------------------------------------------------------------------
 Costs and expenses:
     Cost of sales                                   26,379,584          24,069,240          52,376,596          47,701,305

     Depreciation                                     1,819,469           1,905,532           3,681,836           3,691,314

     Selling, general and
        administrative                                9,984,356          10,470,880          19,307,783          21,401,425

     Interest expense                                   390,499             267,671             725,550             490,180

     Restructure charge                                       -                   -                   -             950,000

     Other income, net                                 (318,397)           (334,327)           (624,757)           (678,328)
                                                ------------------------------------------------------------------------------

                                                     38,255,511          36,378,996          75,467,008          73,555,896
                                                ------------------------------------------------------------------------------

 Income before provision for
     income taxes                                     3,462,861           2,124,910           6,594,710           2,800,659

 Provision for income taxes                           1,238,468             733,109           2,347,801             882,579
                                                ------------------------------------------------------------------------------

 Income before cumulative effect of a change
     in accounting principle                          2,224,393           1,391,801           4,246,909           1,918,080

 Cumulative effect of a change in accounting
     principle for start-up costs                             -                   -                   -            (204,709)
                                                ------------------------------------------------------------------------------

 Net income                                          $2,224,393          $1,391,801          $4,246,909          $1,713,371
                                                ==============================================================================


 Average common shares outstanding:
         Basic                                        7,831,331           7,825,206           7,827,270           7,825,396
         Diluted                                      7,847,203           7,867,647           7,835,206           7,894,582

 Per share of common stock:

 Income before cumulative effect of a change
     in accounting principle: Basic                       $0.28               $0.18               $0.54               $0.25
                                                ================  ==================  ==================  ==================
                              Diluted                     $0.28               $0.18               $0.54               $0.24
                                                ================  ==================  ==================  ==================
 Cumulative effect of a change in accounting
     principle for start-up costs:
                              Basic and Diluted               -                   -                   -              ($0.03)
                                                ================  ==================  ==================  ==================
 Net income:                  Basic and Diluted           $0.28               $0.18               $0.54               $0.22
                                                ================  ==================  ==================  ==================

     Cash dividend                                        $0.12               $0.12               $0.24               $0.24
                                                ================  ==================  ==================  ==================
</TABLE>


     See accompanying notes to consolidated condensed financial statements.

                                     4 of 10

<PAGE>
                      TASTY BAKING COMPANY AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                   (unaudited)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
                                                                                      For the Twenty-six Weeks Ended
                                                                                   June 24, 2000          June 26, 1999
------------------------------------------------------------------------------------------------------------------------


 Cash flows from (used for) operating activities
<S>                                                                                 <C>                    <C>
       Net income                                                                   $ 4,246,909            $ 1,713,371
       Adjustments to reconcile net income to net
        cash provided by operating activities:
          Depreciation                                                                3,681,836              3,691,314
          Amortization                                                                   33,533                 39,180
          Cumulative effect of change in accounting principle                                 -                204,709
          Other                                                                         (15,169)             1,188,834
       Changes in assets and liabilities
        affecting operations                                                         (4,510,187)               831,662
                                                                                  -------------------------------------

       Net cash from operating activities                                             3,436,922              7,669,070
                                                                                  -------------------------------------

 Cash flows from (used for) investing activities
       Purchase of property, plant and equipment                                     (4,387,036)           (10,157,952)
       Proceeds from owner/operators' loan repayments                                 2,301,283              2,664,073
       Loans to owner/operators                                                      (1,444,774)            (2,624,268)
       Other                                                                             18,353                 21,402
                                                                                  -------------------------------------

       Net cash used for investing activities                                        (3,512,174)           (10,096,745)
                                                                                  -------------------------------------

 Cash flows from (used for) financing activities
       Additional long-term debt                                                      3,000,000              5,000,000
       Dividends paid                                                                (1,877,499)            (1,878,433)
       Payment of long-term debt                                                     (4,096,178)            (1,281,438)
       Net increase in short-term debt                                                2,500,000                300,000
       Other                                                                            (36,704)                16,110
                                                                                  -------------------------------------

       Net cash from (used for) financing activities                                   (510,381)             2,156,239
                                                                                  -------------------------------------

       Net decrease in cash                                                            (585,633)              (271,436)

       Cash, beginning of year                                                          705,494                372,871
                                                                                  -------------------------------------

       Cash, end of period                                                            $ 119,861              $ 101,435
                                                                                  =====================================


       Supplemental Cash Flow Information:
       Cash paid during the period for:
          Interest                                                                    $ 625,699              $ 562,821
                                                                                  =====================================
          Income taxes                                                              $ 4,432,977               $ 77,561
                                                                                  =====================================

       Noncash financing activities:
          Issuance of common stock for services                                       $ 319,016                    $ -
                                                                                  =====================================
</TABLE>


     See accompanying notes to consolidated condensed financial statements.

                                     5 of 10

<PAGE>
                      TASTY BAKING COMPANY AND SUBSIDIARIES
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

1.     Interim Financial Information
       In the opinion of management,  the  accompanying  unaudited  consolidated
       condensed  financial  statements  contain all adjustments  (consisting of
       only normal recurring accruals) necessary to present fairly the financial
       position of the company as of June 24, 2000 and December  25,  1999,  the
       results of its operations  for the  twenty-six  weeks ended June 24, 2000
       and June 26, 1999 and cash flows for the twenty-six  weeks ended June 24,
       2000 and June 26, 1999. These unaudited  consolidated condensed financial
       statements should be read in conjunction with the consolidated  financial
       statements  and footnotes  thereto in the company's 1999 Annual Report to
       Shareholders.  In addition,  the results of operations for the twenty-six
       weeks ended June 24, 2000 are not  necessarily  indicative of the results
       to be expected for the full year.

       Certain  expense items are charged to  operations  in the year  incurred.
       However,  for interim  reporting  purposes  the  expenses  are charged to
       operations on a pro-rata basis over the company's accounting periods. For
       the  twenty-six  weeks  ended  June  24,  2000 and  June  26,  1999,  the
       difference  between the actual expenses incurred and the expenses charged
       to operations was not material.

2.     Net Income Per Common Share
       Net income per common share is  presented  as basic and diluted  earnings
       per share.  Net income per common  share - Basic is based on the weighted
       average number of common shares  outstanding  during the year. Net income
       per common  share - Diluted is based on the  weighted  average  number of
       common shares and dilutive potential common shares outstanding during the
       year. The company's  dilutive  potential common shares outstanding during
       the year result  entirely from dilutive stock options.  Potential  common
       shares  which  would  result from the  exercise of stock  options are not
       included  in the  computation  of  diluted  per  share  amounts  when the
       options'  exercise  price is greater than the average market price of the
       common shares.

3.     Restructure Charge
       During the first quarter of 1999,  the company  discontinued  forty-three
       route  territories in certain areas not achieving  appropriate  levels of
       profitability,   assigning   most  of  those   territories   to  regional
       distributorships.  As a result, the company incurred a charge of $950,000
       resulting  in a  reduction  in net income of  $570,570 or $.07 per share,
       primarily  relating  to  costs  associated  with the  repurchase  of some
       owner/operator  territories  as  well as  severance  payments  and  other
       related  costs.  All the  costs  accrued  under  this  charge  have  been
       satisfied.


                                    6 of 10
<PAGE>

                      TASTY BAKING COMPANY AND SUBSIDIARIES

Item 2.   Management's Discussion and Analysis of Financial Condition
          and Results of Operations

Results of Operations

For the second  quarter of 2000,  the company  realized net income of $2,224,393
versus $1,391,801 for the second quarter of 1999. Net income per share increased
to $.28 from $.18 per share for the comparable quarter of 1999.

Net income for the  twenty-six  weeks ended June 24, 2000 was $4,246,909 or $.54
per  share.  Net  income  for the  twenty-six  weeks  ended  June  26,  1999 was
$1,713,371  or $.22  per  share.  Included  in net  income  for  1999  were  two
non-recurring charges. The company discontinued forty-three route territories in
certain areas not achieving appropriate levels of profitability,  assigning most
of those  territories to certain other  independent  regional  distributorships.
This  resulted in an after-tax  charge of $570,570 or $.07 per share,  primarily
relating  to  costs  associated  with  the  repurchase  of  some  owner/operator
territories as well as employee  severance payments and other related costs. The
second  charge  relates to the adoption of a new  accounting  regulation,  which
required  the  write  off of the  remaining  start-up  costs  pertaining  to the
company's  acquisition  of its Oxford  facility.  This charge is  reflected as a
cumulative  effect of a change in  accounting  principle  which  resulted  in an
after-tax  charge to net  income in the  amount of  $204,709  or $.03 per share.
After eliminating the effect of these two non-recurring  charges, the comparable
1999 results were $2,488,650 or $.32 per share.

For the second quarter, gross sales increased 10.8% to $62,899,396,  compared to
$56,769,425  last year. The company also  experienced  unit sales growth of 10%.
The increase in gross sales for the second quarter of 2000 is a continuation  of
a turnaround that began in the fourth quarter of 1999.  Increased promotions and
growing  relationships with large distributors have contributed to sales growth.
Gross sales, less discounts and allowances, resulted in an increase in net sales
of 8.3% to $41,718,372, compared to $38,503,906 reported last year. The increase
in net sales reflected the increase in gross sales which was partially offset by
the increase in promotions.

Cost of  sales,  as a  percentage  of gross  sales,  was 41.9% and 42.4% for the
second  quarters of 2000 and 1999,  respectively.  The  improvement in 2000 over
1999 can be  attributed  to the increase in sales  volume  relative to the fixed
portion of cost of sales.

Selling,  general and  administrative  expenses  for the second  quarter of 2000
decreased  by  $486,524  or 4.6%  compared  to the second  quarter of 1999.  The
decrease  can be primarily  attributed  to a decrease in  advertising  and other
selling expenses.

Interest  expense  increased  for the second  quarter of 2000  versus the second
quarter of 1999 as a result of increased average interest rates.

The  effective  tax rate was 35.8% for the quarter ended June 24, 2000 and 34.5%
for the quarter ended June 26, 1999 which  compares to a federal  statutory rate
of 34%. The difference  between the effective rate and the statutory rate in the
second quarters of 2000 and 1999 was the effect of state taxes.



                                    7 of 10
<PAGE>


Financial Condition

The company has  consistently  demonstrated  the ability to generate  sufficient
cash  flow from  operations.  Bank  borrowings,  under  various  lines of credit
arrangements, are used to supplement cash flow from operations during periods of
cyclical shortages.

For the twenty-six weeks ended June 24, 2000, net cash from operating activities
decreased by  $4,232,148 to $3,436,922  from  $7,669,070  for the same period in
1999. The decrease in 2000 compared to 1999 was due to a number of factors.  The
increase  in net income  for 2000 was offset by a negative  change in assets and
liabilities, mostly resulting from an increase in accounts receivable, which can
be  attributed to the increase in sales  activity,  an increase in cash paid for
income taxes and an increase in inventory  compared to 1999.  This  decrease was
slightly   offset  by  an  increase  in  accounts   payable  and  other  current
liabilities.

Net cash used for investing  activities for the twenty-six  weeks ended June 24,
2000 decreased by $6,584,571 relative to the same period in 1999 principally due
to less capital  expenditures in the current year.  During the twenty-six  weeks
ended June 26, 1999, a higher level of capital expenditures were required due to
the  computer  system  upgrade and the first  phase of the bakery  modernization
project.

Net cash from financing  activities for the twenty-six weeks ended June 24, 2000
decreased  by  $2,666,620  relative to the same  twenty-six  weeks in 1999.  The
decrease is  primarily  the result of a decrease in the level of net  borrowings
relative to the prior year.

For  the  remainder  of  2000  the  company  anticipates  that  cash  flow  from
operations,  along with the continued  availability of bank lines of credit, the
revolving  credit  agreement  and  other  long-term   financing,   will  provide
sufficient cash to meet operating and financing requirements.

Item 3.       Quantitative and Qualitative Disclosure About Market Risk

     The company has certain  floating  rate debt notes.  Under  current  market
conditions, the company believes that changes in interest rates would not have a
material impact on the  consolidated  financial  statements of the company.  The
company also has notes  receivable from owner operators whose rates adjust every
three years,  and,  therefore,  would partially  offset the  fluctuations in the
company's interest rates on its notes payable. The company also has the right to
sell  these  notes  receivable,  and could use these  proceeds  to  liquidate  a
corresponding amount of the debt notes payable.




                                    8 of 10
<PAGE>

                      TASTY BAKING COMPANY AND SUBSIDIARIES

PART II.  OTHER INFORMATION

Item 4.   Submission of Matters to a Vote of Security Holders

  (a)  The company's annual meeting of shareholders was held on April 28, 2000.

  (b)  The directors elected at the meeting were:

                                      For           Against       Withheld

        James L. Everett, III      6,695,052          ---         63,654
        Nelson G. Harris           6,695,782          ---         62,924
        Carl S. Watts              6,605,345          ---        153,361

       Other directors whose terms of office  continued after the meeting are as
       follows:  Fred C.  Aldridge,  Jr., G. Fred DiBona,  Jr., John M. Pettine,
       Philip J. Baur, Jr, and Judith M. von Seldeneck.

  (c)  Other matters voted upon at the meeting and the results of those votes
       were as follows:


                                                   For        Against    Abstain

       Approval of PricewaterhouseCoopers
       LLP, as independent certified
       public accountants                        6,711,277    28,701     18,728


The foregoing  matters are described in detail in the company's  proxy statement
dated March 31,2000.

Item 6.   Exhibits and Reports on Form 8-K

  (a)  Exhibits:  Exhibit 10 - By-laws of the Registrant as
                               amended on March 31, 2000
                  Exhibit 27 - Financial Data Schedule

  (b)  Reports on Form 8-K

       The  company  did  not  file a  report  on  Form  8-K  during  the
twenty-six weeks ended June 24, 2000.

                                  Exhibit Index

  Exhibit 10 - By-laws of the Registrant as amended on March 31, 2000

  Exhibit 27 - Financial Data Schedule







                                    9 of 10
<PAGE>


                      TASTY BAKING COMPANY AND SUBSIDIARIES

                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the company
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
thereunto duly authorized.





                                              TASTY BAKING COMPANY
---------------------------------------------------------------------------
                                                   (Company)








 August 8, 2000                               /S/ John M. Pettine
------------------       --------------------------------------------------
     (Date)                                     JOHN M. PETTINE
                                         EXECUTIVE VICE PRESIDENT AND
                                            CHIEF FINANCIAL OFFICER
                                 (PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER)






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